The positive shift in risk appetite toward the end of last week extended into this one, though activity was muted at the start of this Easter-shortened week. USD/JPY touched the highest since March 5 in early trading but settled back to hover around the 122.0 mark for the rest of the morning.
The strong rebound in China’s new loans in March reported on Friday and strong reports from the first few banks kicking off the reporting season are both helping to underpin risk appetite. The 55-day moving average on USD/JPY looks poised to cross above the 100-day moving average for the first time since January 10.
The strong rebound in China’s new loans in March reported on Friday and strong reports from the first few banks kicking off the reporting season are both helping to underpin risk appetite. The 55-day moving average on USD/JPY looks poised to cross above the 100-day moving average for the first time since January 10.
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